RIA RESEARCH EXERCISE Use the RIA Checkpoint research database to answer the following questions….

RIA RESEARCH EXERCISE Use the RIA Checkpoint research
database to answer the following questions. Cut and paste the relevant Internal
Revenue Code and Treasury Regulation section(s) into your solution and explain
how the authority answers the tax issue in question. Give the most specific
citation applicable [e.g., Sec. 168(a)(1)] that answers the question. Note: If
the answer can be found in both the code and regulations, you must provide both
authorities.

Melinda takes classes costing $3,500 that are paid for by
her employer’s educational assistance plan.

a. What code section and/or
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RIA RESEARCH EXERCISE Use the RIA Checkpoint research
database to answer the following questions. Cut and paste the relevant Internal
Revenue Code and Treasury Regulation section(s) into your solution and explain
how the authority answers the tax issue in question. Give the most specific
citation applicable [e.g., Sec. 168(a)(1)] that answers the question. Note: If
the answer can be found in both the code and regulations, you must provide both
authorities.

Melinda takes classes costing $3,500 that are paid for by
her employer’s educational assistance plan.

a. What code section and/or regulation allows the exclusion
of payments from an employer’s educational assistance plan?

b. What code section and/or regulation limits the amount
that can be excluded?

c. What code section and/or regulation defines the elements
of an employer’s educational assistance plan that must be met for employees to
be allowed an exclusion for payments received from the plan?

d. What code section and/or regulation defines what types of
expense payments from an employer’s educational assistance plan can be excluded
from the employee’s gross income?

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